Overview:
According to the January - March 2023 report released by the Uganda Securities Exchange, the first quarter of 2023 accounted for a total turnover of approximately UGX17.2 bn, compared to a combined total of UGX 7.3 bn that was traded between Q1 2022.
Trading on Uganda Securities Exchange (USE) in the first three months of 2023 registered a significant increase, with a turnover of about Shs17.2b compared Shs8.4b in the last three months of 2022.
According to the January – March 2023 report released by the Uganda Securities Exchange, the first quarter of 2023 accounted for a total turnover of approximately UGX17.2 bn, compared to a combined total of UGX 7.3 bn that was traded between Q1 2022.
Turnover was realized on nine counters, with UMEME Limited (UMEM) counter taking the first position, with UGX 9,273,711,453 in turnover, accounting for 53.88 percent of the total turnover.
MTN Uganda Limited (MTNU) was in second position with UGX 3,807,833,273 in turnover, accounting for 22.13 percent of the turnover.
Stanbic Uganda (SBU) in third position accounted for 22.05 percent of turnover at UGX 3,794,760,350 while, Bank of Baroda, Uganda Clays Limited, Cipla Quality Chemical Limited, National Insurance Corporation, DFCU Limited and New Vision Uganda Limited accounted for 1.69%, 0.11%, 0.08%, 0.06%, 0.01% and 0.00%, respectively.
The rest of the counters represented by, BOBU, UCL, CQCIL, NIC, DFCU, and NVL Limited had a combined turnover of UGX 334,148,846.
During the quarter, Stanbic dominated activity, with the counter having 166,378,772 shares traded taking 74.05% percent of the volume, UMEME recorded 13.41 percent of the volume with 30,132,714 shares, while MTNU, BOBU, NIC, UCL, and CQCIL posted 21.1mn shares, 3.4mn shares, 2.1mn shares, 1.1mn shares and 220k shares accounting for 9.43 per cent, 1.52 per cent, 0.94 per cent, 0.56 per cent and 0.1 per cent of the total volume respectively. DFCU and NVL recorded marginal positions.